Redsquid's play in the education and public sector have been boosted by the acquisitions of MSP Covue and comms provider Connect2 on the back of a funding deal with Triple Point that sees Redsquid co-founders CEO Sohin Raithatha and COO Vince Mignacca remain sole shareholders of the firm they established 17 years ago.
Raithatha stated: “The acquisition of Covue and Connect2 marks a significant milestone for Redsquid, strengthening our market presence and expanding our reach in crucial areas of the education sector through Covue's proprietary technologies and network.
“We have had a close relationship with Connect2 for years and followed its growth journey. Redsquid will introduce its technology portfolio into Connect2's customers organisations, giving them one unified partner to work with through the digital transformation.”
The deals take Redsquid's acquisition tally to five and Raithatha noted that additional transactions will be completed as he seeks to scale the business across the UK.
Pictured: Sohin Raithatha and COO Vince Mignacca